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CHEF Financials Chefs' Warehouse, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 30.1% per year over the past 5 years.
  • Operating margin has expanded, at 3.5% in the latest year.
  • Free cash flow has grown 19.6% per year over the past 5 years.

Financial health

  • Total debt ($651M) exceeds cash ($121M); net debt is $530M.
  • Total debt has grown slower than revenue (10.5% vs 30.1% per year).
  • Operating income covered interest expense 3.5× in the latest year.
  • Total debt is 3.3× EBITDA.
Revenue & net income
-$83M $2B $4B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-9% 8% 25% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-24% 6% 37% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$59M $22M $104M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $357M $713M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$232M $11M $253M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $4.1B $72M 24.2% 3.5% 12.0% 3.6% $88M $651M $121M
2024 $3.8B $55M 24.1% 3.4% 10.3% 3.0% $104M $673M $115M
2023 $3.4B $35M 23.7% 2.9% 7.6% 2.0% $4M $713M $50M
2022 $2.6B $28M 23.7% 3.3% 6.9% 1.8% -$23M $675M $159M
2021 $1.7B -$5M 22.4% 0.6% -1.4% -0.5% -$59M $393M $115M
2020 $1.1B -$83M 22.3% -9.2% -24.1% -8.5% $36M $396M $193M
2019 $1.6B $24M 24.3% 3.2% 7.2% 2.4% $29M $392M $140M
2018 $1.4B $20M 24.2% 3.4% 6.6% 2.8% $25M $278M $42M
2017 $1.3B $14M 25.3% 3.2% 5.8% 2.1% $19M $318M $42M
2016 $1.2B $3M 25.3% 4.0% 1.6% 0.5% $22M $333M $33M
2015 — $16M — — 8.6% 2.8% $16M $274M $2M
2014 — $14M — — 9.7% 3.8% -$14M $144M $3M
2013 — $17M — — 12.9% 4.8% -$1M $148M $20M
2012 — $15M — — 36.9% 6.9% $5M $125M $118000
2011 — $8M — — 32.7% 7.1% $15M $46M $2M

Valuation over time

How the market has priced CHEF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 34.7 69.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.6 1.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is CHEF growing its revenue and profit?

Over the past 5 years, Chefs' Warehouse, Inc.'s revenue has grown 30.1% per year. These are computed facts, not advice.

How much debt does CHEF have?

As of FY2025, Chefs' Warehouse, Inc. reported $651M of total debt against $121M of cash; operating income covered interest expense 3.5×.

What is CHEF's profit margin?

In FY2025, gross margin was 24.2%, operating margin 3.5%, and net margin 1.7%.

What is CHEF's P/E ratio?

Chefs' Warehouse, Inc.'s P/E (TTM) is 45.36 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CHEF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 64.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.